October 19th, 2017

Business

EDC says Canadian exports seeing big gains on strength of global economy

By Ian Bickis, The Canadian Press on October 19th, 2017

CALGARY – Export Development Canada says exports are growing significantly as both the U.S. and the global economy continue to improve. The crown corporation said in a report out Thursday that overall exports are expected to grow eight per cent in 2017, led by “massive gains” in the commodity space, and four per cent next ... Read More »

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If NAFTA dies, old Canada-U.S. FTA would live on, right? Not so fast, Canada

By Alexander Panetta, The Canadian Press on October 19th, 2017

WASHINGTON – It’s a refrain frequently heard in Canada: That ending NAFTA wouldn’t change much in economic relations with the United States, because the countries could simply pull their older agreement off the shelf, dust it off, and persist in trade without tariffs. It’s also wrong, some analysts say. A few people interviewed this week ... Read More »

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Government and business not keeping up with speed of technology: report

By The Canadian Press on October 19th, 2017

TORONTO – A new report suggests the speed of technological advances has become so rapid that it’s outpacing the rate at which large Canadian businesses and government institutions can adapt, with the number of jobs threatened by automation ranging from 35 to 42 per cent. The co-authored report, by Deloitte and the Human Resources Professionals ... Read More »

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Bill Morneau seeks to ease the tax-reform fears of farmers and fishers

By The Canadian Press on October 19th, 2017

OTTAWA – Federal Finance Minister Bill Morneau is expected to announce changes today to his controversial tax proposals to address the concerns of farmers and fishers. Morneau will make the announcement at a farm alongside Agriculture Minister Lawrence MacAulay in Erinsville, Ont., about halfway between Toronto and Ottawa. The Trudeau government’s proposed tax changes have ... Read More »

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Amazon HQ2 would ‘fundamentally alter’ potential Canadian city candidates

By Aleksandra Sagan, The Canadian Press on October 19th, 2017

VANCOUVER – It’s like a technology-themed reality TV dating show. Suitor Amazon is on the hunt for a North American city to house what it calls HQ2: a second headquarters. The ideal match will tick off most of a wide-ranging list of requirements that covers practical matters, like available buildings and green space, as well ... Read More »

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London Stock Exchange chief to step down at end of 2018

By The Associated Press on October 19th, 2017

LONDON – The London Stock Exchange has announced that its chief executive plans to step down by the end of 2018. Xavier Rolet has headed the London exchange for nearly nine years. The London Stock Exchange Group PLC says it’s searching for Rolet’s successor and will “work closely” with him to ensure a smooth transition. ... Read More »

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Brink’s Canada, Unifor, sign tentative agreement

By The Canadian Press on October 18th, 2017

TORONTO – A tentative agreement has been reached between Brink’s Canada Ltd., and Unifor, to avert a strike that was due to begin Thursday. The agreements covers about 800 Brink’s workers in Ontario and another 260 in British Columbia. Unifor says details of the tentative deal will be released after ratification votes are cast in ... Read More »

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Study: Lower-income kids give more time to TV, digital media

By Lynn Elber, The Associated Press on October 18th, 2017

LOS ANGELES – Children in lower-income families spend more time watching TV and using electronic devices than kids in more affluent homes, according to a survey released Thursday. The report by the non-profit group Common Sense Media on the viewing habits of more than 1,400 children nationwide age 8 and under found that less-affluent youngsters ... Read More »

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Manitoba chiefs say federal lawsuit could delay repairs to Churchill rail line

By The Canadian Press on October 18th, 2017

WINNIPEG – The Assembly of Manitoba Chiefs is urging Ottawa not to throw a plan off track that could lead to the fixing of a broken rail line that services Churchill and other northern communities. Omnitrax, the owner of the line, has released details of a plan to temporarily fix sections of the railway that ... Read More »

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Trans Mountain activity slowed by permits, Kinder Morgan Canada says

By Ian Bickis, The Canadian Press on October 18th, 2017

CALGARY – Kinder Morgan Canada Ltd. (TSX:KML) said Wednesday that it’s already facing potentially months of delay on the Trans Mountain pipeline expansion project because of the timing of permits and regulatory approvals. “If you just took the delays experienced to date, and just flowed that through the schedule, we believe that results in a ... Read More »

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